Deal Summary
INSIGNIA arranged $600,000 of bridge financing for the acquisition of a 13-unit, near-stabilized mixed-use property in Chicago, Illinois.
| Item | Detail |
|---|---|
| Transaction type | Acquisition, bridge financing |
| Property | Mixed-use, 13 units, three stories, built 1923, near stabilized at acquisition |
| Location | Chicago, Illinois 60649 |
| Total financing | $600,000 |
| Loan structure | Interest-only bridge loan |
| Term | 12 months |
| Borrower structure | Single-purpose property-owning entity |
| Capital source | Proprietary capital |
The Transaction
The sponsor, a real estate investor, acquired a mixed-use building that was near stabilization at purchase. INSIGNIA arranged a short-term, interest-only bridge loan funded with proprietary capital, giving the sponsor a fast path to ownership ahead of longer-term financing.
Capital Structure
| Item | Detail |
|---|---|
| Loan amount | $600,000 |
| Structure | Interest-only bridge loan |
| Term | 12 months |
| Capital source | Proprietary capital |
INSIGNIA
INSIGNIA arranged the financing, including structuring the request, selecting the capital source and coordinating the process through closing. Bridge financing for investor-owned and mixed-use commercial real estate is a core part of our practice, drawing on proprietary capital and institutional lender relationships depending on the situation.
This summary describes a closed transaction for informational purposes and is not an offer of financing or a statement of current pricing, which varies with market conditions, property type, sponsor credit and program requirements.
